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Wells Fargo upgraded Vail Resorts (NYSE: MTN) from Market Perform to Outperform with ap rice target of $165-$180. Analyst Cameron McKnight said he can see a path to a $200 stock.

"We have rebuilt our model and updated estimates to account for this week’s (10/17) closing of the Whistler Blackcomb acquisition. Our FY17 EPS estimate goes to $5.68 from $4.90 and our EBITDA goes to $607MM. Our valuation range increases to $165-180/share, and we can see a path to $200 in an upside scenario," said McKnight. "While Vail has outperformed (MTN +21% vs. SPX +5% YTD), we see potential upside from a strong management team and fundamentals."

For an analyst ratings summary and ratings history on Vail Resorts click here. For more ratings news on Vail Resorts click here.